Ashmore Group plc 14.9% Potential Decrease Indicated by Credit Suisse

Broker Ratings
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Ashmore Group plc with EPIC/TICKER (LON:ASHM) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Credit Suisse. Ashmore Group plc are listed in the Financials sector within UK Main Market. Credit Suisse have set a target price of 480 GBX on its stock. This indicates the analyst believes there is a potential downside of -14.9% from the opening price of 564 GBX. Over the last 30 and 90 trading days the company share price has increased 62.5 points and increased 76.8 points respectively. The 1 year high share price is 564 GBX while the year low stock price is currently 361.2 GBX.

Ashmore Group plc has a 50 day moving average of 503.12 GBX and a 200 day moving average of 493.24. There are currently 712,740,804 shares in issue with the average daily volume traded being 1,483,989. Market capitalisation for LON:ASHM is £3,909,392,010 GBP.

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    Ashmore Group plc reports a $2.4 billion decrease in assets under management for the quarter ended 30 June 2024, driven by net outflows and investment performance.
    Ashmore Group plc (LON:ASHM) announces assets under management update for the quarter ended 31 March 2024, showing a decrease of US$2.1 billion.

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